![Newly Purchased Asset was found as Residential Property on Physical Inquiry: ITAT allows Capital Gain Exemption [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Newly-Purchased-Asset-Residential-Property-Physical-Inquiry-ITAT-Capital-Gain-Exemption-Taxscan.jpeg "Newly Purchased Asset was found as Residential Property on Physical Inquiry: ITAT allows Capital Gain Exemption [Read Order]")
Newly Purchased Asset was found as Residential Property on Physical Inquiry: ITAT allows Capital Gain Exemption [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that the capital gain exemption shall be allowed since it was found on physical...
![Benefit of Higher Tolerance band of 10% for difference between the Sale Price of Flat and Stamp Duty Valuation to apply retrospectively: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/01/tolerance-band-sale-price-stamp-duty-valuation-ITAT-Taxscan.jpg "Benefit of Higher Tolerance band of 10% for difference between the Sale Price of Flat and Stamp Duty Valuation to apply retrospectively: ITAT [Read Order]")
![ITAT orders Dubai-based executive of HDFC Bank to pay Tax on ESOPs in India [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/01/Employee-Stock-Exchange-Plan-ITAT-Dubai-based-executive-of-HDFC-Bank-ESOPs-in-India-Taxscan.jpg "ITAT orders Dubai-based executive of HDFC Bank to pay Tax on ESOPs in India [Read Order]")
![Cess paid can be deducted while computing Income chargeable under the head Profits and Gains of Business or Profession: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/12/Cess-computing-income-profits-gains-of-business-ITAT-Taxscan-1.jpg "Cess paid can be deducted while computing Income chargeable under the head Profits and Gains of Business or Profession: ITAT [Read Order]")
![Preliminary Expenditure like Membership and Subscription charges are Capital in Nature: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/01/Expenditure-Taxscan.jpg "Preliminary Expenditure like Membership and Subscription charges are Capital in Nature: ITAT [Read Order]")
Disallowance of Rental Expenses merely as per the Leave and License Agreement can’t be Sustained: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) in Mumbai has ruled that, Disallowance Of Rental Expenses Merely As Per the Leave and License Agreement Cannot Be Sustained. The appeal has been filed by the...
![Disallowance of Rental Expenses merely as per the Leave and License Agreement can’t be Sustained: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2019/12/Rental-Expenses-ITAT-Taxscan.jpg "Disallowance of Rental Expenses merely as per the Leave and License Agreement can’t be Sustained: ITAT [Read Order]")
Income Assessed in Subsequent Year doesn’t cause loss to Revenue when Tax Rates are Same: ITAT [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Mumbai in Dy. Commissioner of Income Tax vs. M/s. Deloitte Touche Tohmatsu held that when the Tax Rates applicable in both the years is same there is no...
![Income Assessed in Subsequent Year doesn’t cause loss to Revenue when Tax Rates are Same: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/05/Tax-Rates-Taxscan.jpg "Income Assessed in Subsequent Year doesn’t cause loss to Revenue when Tax Rates are Same: ITAT [Read Order]")
![Expenditure incurred for Club Membership Fees is Allowable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/05/Expenditure-Club-Membership-Fees-Deloitte-Taxscan.jpg "Expenditure incurred for Club Membership Fees is Allowable: ITAT [Read Order]")
Booking of an Under-Construction Flat is a Case of Construction and not Purchase: ITAT Grants Capital Gain Exemption [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal (ITAT) has held that booking of an under-construction flat is a case of construction and not a purchase. The bench comprising of Judicial Member...
![Booking of an Under-Construction Flat is a Case of Construction and not Purchase: ITAT Grants Capital Gain Exemption [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/12/Under-Construction-Flats-Taxscan.jpg "Booking of an Under-Construction Flat is a Case of Construction and not Purchase: ITAT Grants Capital Gain Exemption [Read Order]")
Export Incentives are not Includable while Computing Eligible Profits for Deduction u/s. 80IC: ITAT [Read Order]
The Income Tax Appellate Tribunal Mumbai bench recently pronounced that Export incentives are not Includable while computing eligible profits for deduction under Section 80IC of the Income Tax Act,...
![Export Incentives are not Includable while Computing Eligible Profits for Deduction u/s. 80IC: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/11/Export-Incentive-ITAT-Taxscan.jpg "Export Incentives are not Includable while Computing Eligible Profits for Deduction u/s. 80IC: ITAT [Read Order]")
![No Penalty If Assessee made Bonafide Mistake in Returns and Revised the same Later: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/12/No-Penalty-Taxscan.jpg "No Penalty If Assessee made Bonafide Mistake in Returns and Revised the same Later: ITAT [Read Order]")